- In June 2023, a large operation named Huracán involving over 2,000 investigators from 7 countries resulted in 5 arrests connected to a EUR 38 million VAT fraud scheme.
- The scheme involved the trade of over 10,000 cars, with an estimated fraudulent turnover of EUR 225 million.
- This highlights the importance for automotive companies to implement robust VAT compliance and control measures to avoid unwittingly becoming part of a fraudulent supply chain.
Source Niels Wenting
